Long-Term Debt (Tables)

6 Months Ended

Jul. 01, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The fair value of the Term Loan approximates the carrying value, which is reflected in our Consolidated Balance Sheets as follows:

(In thousands)	July 1, 2017			December 31, 2016
Principal amount	$	308,542		$	342,221
Unamortized original issue discount and debt costs	(6,245		)	(7,599		)
Less: Current portion of long-term debt	(15,318		)	(33,767		)
Long-term debt	$	286,979		$	300,855

Interest Income and Interest Expense Disclosure

Interest expense related to the Term Loan was included in Interest expense on our Consolidated Statements of Operations as follows:

	Three Months Ended				Six Months Ended
(In thousands)	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Contractual interest	$	4,167	$	4,615	$	8,710	$	9,235
Amortization of debt issuance costs and discount	421		418		1,354		659
Total Interest expense related to the Term Loan	$	4,588	$	5,033	$	10,064	$	9,894

Schedule of Debt

As of July 1, 2017, expected future principal payments on the Term Loan were as follows:

Fiscal year	(in thousands)
2017 (remaining 6 months)	$	1,750
2018	17,527
2019	18,748
2020	81,093
2021	189,424
	$	308,542